{"id":218,"date":"2018-10-29T09:41:45","date_gmt":"2018-10-29T09:41:45","guid":{"rendered":"https:\/\/website.prod.unilu.spikeseed.cloud\/fdef-fr\/news\/asset-management-in-the-spotlight-at-annual-lsf-summit\/"},"modified":"2018-10-29T09:41:45","modified_gmt":"2018-10-29T09:41:45","slug":"asset-management-in-the-spotlight-at-annual-lsf-summit","status":"publish","type":"news","link":"https:\/\/www.uni.lu\/fdef-fr\/news\/asset-management-in-the-spotlight-at-annual-lsf-summit\/","title":{"rendered":"Asset management in the spotlight at annual LSF summit"},"content":{"rendered":"<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\"><p>The seventh edition of the Luxembourg Asset Management Summit welcomed Prof. Robin Greenwood from Harvard University who delivered a keynote on security price bubbles as part of the two-day research conference.<\/p><p>The Luxembourg Asset Management Summit is a forum for exchange on the latest research and developments in the industry. Participants from all over the world, including the universities of Austin, Cambridge, Harvard, London, Melbourne, Oxford, Singapore, Stockholm and Yale presented papers on topics as varied as alternative investments, private equity, hedge funds, active investment strategies, institutional investors, wealth management, and finance and technology.<\/p><p>With more than four trillion euros in assets under management in Luxembourg domiciled funds, the summit is also an opportunity for research and industry to connect.<\/p><p>Among the highlights of the yearly event is the keynote speech, delivered by a top academic in the field. In this year\u2019s keynote, <a href=\"https:\/\/www.hbs.edu\/faculty\/Pages\/profile.aspx?facId=136446\" target=\"_blank\" title=\"\" rel=\"noopener\">Robin Greenwood<\/a>, professor of finance and banking at Harvard Business School, challenged Nobel Prize winner Eugene Fama who opposes the concept of market bubbles and in the 1970s developed the efficient-market hypothesis.<\/p><figure class=\"wp-block-dev4-reusable-blocks-image  object-fit--contain\">\n    \n<img decoding=\"async\" class=\"wp-block-image unilux-custom-image-block\"\n                alt=\"\"\n            src=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2023\/07\/asset_summit_kraussl_greenwood.jpg\"\n                srcset=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2023\/07\/asset_summit_kraussl_greenwood-300x226.jpg 300w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2023\/07\/asset_summit_kraussl_greenwood-768x578.jpg 768w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/18\/2023\/07\/asset_summit_kraussl_greenwood.jpg 1000w\"\n                style=\"object-position: 50.00% 50.00%; font-family: &quot;object-fit: contain; object-position: 50.00% 50.00%;&quot;; aspect-ratio: 4\/3; object-fit: contain; width: 100%;\"\n        loading=\"lazy\"\n\/>    <\/figure><p>Greenwood confronts Fama\u2019s conclusions in his own research. While he agrees with the latter that it is hard to predict the future of an industry only because it has experienced a 100% return, Greenwood has also found that the probability of a substantial crash is much higher after a 100% return. Disputing Fama\u2019s assumption that there are no market bubbles has significant impact on the asset management industry and findings such as Greenwood\u2019s can help prevent the emergence of market bubbles and subsequent crashes.<\/p><p>The Asset Management Summit was organised by Luxembourg School of Finance professor <a href=\"https:\/\/wwwfr.uni.lu\/recherche\/fdef\/df\/people\/roman_kraeussl\" target=\"_self\" title=\"\" rel=\"noopener\">Roman Kr\u00e4ussl<\/a>. It is set to return for its eighth edition in 2019.<\/p><\/div><\/section>","protected":false},"excerpt":{"rendered":"<p>The seventh edition of the Luxembourg Asset Management Summit welcomed Prof. Robin Greenwood from Harvard University who delivered a keynote on security price bubbles as part of the two-day research conference.<\/p>\n","protected":false},"author":0,"featured_media":219,"template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"news-category":[3],"news-topic":[13],"organisation":[115,100],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - 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